Investors seem to be keener than ever to look further a field, with Bulgaria the country of choice for those looking for something affordable and a little different.

Bulgaria is a beautiful country, with a breathtaking array of landscapes, full of reminders of its long and involved history. It is a safe country and there is plenty to see and do at very reasonable prices.

For people looking to invest in residential property, Bulgaria currently offers a number of popular regions and house and apartment prices remain extraordinarily low. It is a fact that has drawn many to the country looking for a second home purely for holiday purposes, but it has also attracted part-time and professional investors looking for capital appreciation in the coming years.

EU accession from January 2007 will undoubtedly instigate a rise in house prices in line with a strengthening economy and better relations with a number of other European countries.

This has led thousands of investors to take the plunge and buy properties in anticipation of the event.

While France and Spain will always attract interest from Brits looking to expand their property portfolios, the lure of a more adventurous option is clearly a trend that is capturing the imagination of an increasing number.


Basic facts about Bulgaria

• Bulgaria joined the European Union in 2007
• The Black Sea airports are about 3 hours flight from Britain
• Bulgaria has recently joined NATO
• The currency is stable and linked to the Euro
• Sustained GDP growth of 4.7-4.9% per year
• The Black Sea coast boasts 220km of sandy beaches
• The Black Sea coast has over 1700 hours of sunshine from May to October
• The diverse geography and climate allows both ski and beach resorts
• Well developed and constantly improving summer resorts
• Excellent skiing opportunities with guaranteed winter snowfall
• The general cost of living is one of the cheapest in Europe
• 22% average annual growth of tourist arrivals for 2002-2004
• All major British tour operators will be on the Black Sea coast this year
• Property prices are currently some of cheapest in Europe and last year rose by over 30%

Key points

Bulgaria joined the European Union on January 1st 2007, and more foreign investment will be being poured into the country.
- Only 2.5 hours flying time from UK with many budget airlines
- Property prices are currently some of the cheapest in Europe and rose by over 30 last year


Location

Located in South Eastern Europe, Bulgaria is bordered by Greece and Turkey to the South, Romania to the North and Macedonia and Serbia to the West. Its Eastern Border is formed by the beautiful Black Sea Coast. A country of outstanding natural beauty the environment remains unspoilt and is incredibly varied.